Mumbai, Sept. 15 -- Crisil Ratings stated that the rating factors in the company's well-established market position in the fertiliser industry being the third largest manufacturer of complex fertilisers, diversified product portfolio, strong pan-India distribution, its strong operating efficiency aided by backward integration and long-term raw material supply agreements.

The business risk profile is supported by healthy operating performance as reflected in increased revenue of Rs 13,806 crore with earnings before interest, tax, depreciation and amortisation (EBITDA) margin of 9.1% in fiscal 2025, compared to Rs 11,563 crore and 5.5%, respectively, in fiscal 2024.

This was driven by growth in sales volume and realisations mainly in the ...